Monero privacy upgrade milestone shows 71%｜Task progress isn’t the same as mainnet dates｜XMR around 560, I’ll wait first
My stance is to watch progress, not steal expectations. This morning I checked the “fcmp++ hf” milestone on Monero’s official GitHub. The page shows 71% complete: 28 items closed and 11 still open, with an explicit statement that there is no deadline. This is not Monero announcing that the mainnet upgrade is finished, and it’s not true that “the remaining 29% will definitely be live soon.” The open list still includes drafts for full-chain member proofs integration, CARROT-related code, and wallet scan testing, among other tasks. GitHub’s percentage is simply a count of items included in this milestone; the size of each task, audit difficulty, and cross-component dependencies are not comparable. You can’t treat it as a linear measure of remaining engineering timeline. Monero’s official release page currently lists the latest core version as 0.18.5.1 released in July. I haven’t seen any stable version I could point to as evidence that FCMP++ has been activated.
Why is this worth traders’ attention? If FCMP++ ultimately passes full review, testing, and network coordination, it will shape the long-term narrative for privacy protection and wallet compatibility. But before the upgrade, node, wallet, miner, and exchange support are all indispensable. For coin holders, the progress number is more like “engineering instrumentation that still needs verification,” not a buy order for tonight. Especially when market sentiment is disturbed by exchange security incidents, separate the code milestone from exchange deposit/withdrawal status: the former is project R&D, the latter is platform risk control—no single one can replace the other. If later there are audit findings, test rollbacks, or delays in key integrations, the original optimistic technical expectations should be revised downward. Only when official version releases, activation heights, and compatibility announcements from all parties are in place can you talk about stronger confirmation.
How has the market reacted? At the time of writing, Kraken’s XMR/USD is around $559.59, with a 24-hour high near $575 and a low at $545.52. The price is still within the range; you can’t attribute today’s rise or fall to this milestone updated as of September 24. $575 is the upper edge I first observed, and around $545.5 is the lower edge. If you only look at project news and ignore liquidity and price confirmation, it’s easy to buy at the most crowded point of expectation. If repeated attempts to push above $575 fail, or if price breaks below $545.5, I will cancel my short-term bullish bias observation—I won’t stubbornly hold through a pullback just based on “technical vision.”
If I were trading myself, I’m not participating. The only direction I’d consider is spot with a light position size, and absolutely not opening high leverage because of the “71%” number. The entry trigger: two complete 15-minute candlesticks closing above $575, then a pullback that holds $570–$575, and confirmation that the platform’s XMR deposits/withdrawals are functioning normally. After that, at most I would use 0.25% of total capital. Targets: first look for $590 (near the halving); if reached, I would close the entire position. For the remaining portion, watch $605—when it is reached, I would close everything. If after entry the 15-minute close falls back below $565, I’ll cut the position in half first. A touch of $555 triggers the stop loss and a full exit. If before triggering price breaks below $545.5 first, this long plan is canceled outright. The above is only condition design; it makes no claim that any trade has already executed or generated profit.
#XMR
The above is only my personal market observation and does not constitute investment advice.
My stance is to watch progress, not steal expectations. This morning I checked the “fcmp++ hf” milestone on Monero’s official GitHub. The page shows 71% complete: 28 items closed and 11 still open, with an explicit statement that there is no deadline. This is not Monero announcing that the mainnet upgrade is finished, and it’s not true that “the remaining 29% will definitely be live soon.” The open list still includes drafts for full-chain member proofs integration, CARROT-related code, and wallet scan testing, among other tasks. GitHub’s percentage is simply a count of items included in this milestone; the size of each task, audit difficulty, and cross-component dependencies are not comparable. You can’t treat it as a linear measure of remaining engineering timeline. Monero’s official release page currently lists the latest core version as 0.18.5.1 released in July. I haven’t seen any stable version I could point to as evidence that FCMP++ has been activated.
Why is this worth traders’ attention? If FCMP++ ultimately passes full review, testing, and network coordination, it will shape the long-term narrative for privacy protection and wallet compatibility. But before the upgrade, node, wallet, miner, and exchange support are all indispensable. For coin holders, the progress number is more like “engineering instrumentation that still needs verification,” not a buy order for tonight. Especially when market sentiment is disturbed by exchange security incidents, separate the code milestone from exchange deposit/withdrawal status: the former is project R&D, the latter is platform risk control—no single one can replace the other. If later there are audit findings, test rollbacks, or delays in key integrations, the original optimistic technical expectations should be revised downward. Only when official version releases, activation heights, and compatibility announcements from all parties are in place can you talk about stronger confirmation.
How has the market reacted? At the time of writing, Kraken’s XMR/USD is around $559.59, with a 24-hour high near $575 and a low at $545.52. The price is still within the range; you can’t attribute today’s rise or fall to this milestone updated as of September 24. $575 is the upper edge I first observed, and around $545.5 is the lower edge. If you only look at project news and ignore liquidity and price confirmation, it’s easy to buy at the most crowded point of expectation. If repeated attempts to push above $575 fail, or if price breaks below $545.5, I will cancel my short-term bullish bias observation—I won’t stubbornly hold through a pullback just based on “technical vision.”
If I were trading myself, I’m not participating. The only direction I’d consider is spot with a light position size, and absolutely not opening high leverage because of the “71%” number. The entry trigger: two complete 15-minute candlesticks closing above $575, then a pullback that holds $570–$575, and confirmation that the platform’s XMR deposits/withdrawals are functioning normally. After that, at most I would use 0.25% of total capital. Targets: first look for $590 (near the halving); if reached, I would close the entire position. For the remaining portion, watch $605—when it is reached, I would close everything. If after entry the 15-minute close falls back below $565, I’ll cut the position in half first. A touch of $555 triggers the stop loss and a full exit. If before triggering price breaks below $545.5 first, this long plan is canceled outright. The above is only condition design; it makes no claim that any trade has already executed or generated profit.
#XMR
The above is only my personal market observation and does not constitute investment advice.
